Magazines Archives - 2009 December

ICSC Asia Expo attracts biggest retail property investors
Story 2 - Review

ICSC Asia Expo 2009, the fourth annual regional convention and exhibition organised by global retail real estate organisation, the International Council of Shopping Centers, Inc (ICSC), lived up to its tagline as ‘Asia’s premier retail property showcase’.

Held at Suntec Singapore from October 14-16, the expo once again saw the gathering of some of the region’s biggest retail property investors. These included marquee industry players such as Ayalaland, DLF, CapitaLand and Sands Retail Asia.

First-time participants Japan’s Aeon Mall highlighted its extensive shopping centre portfolio while Malaysia’s Iskandar Investment Berhad showed its maiden project. The expo also hosted the ICSC’s annual two-day Asia conference, bringing together developers, mall managers and retailers from around the world to explore global trends and opportunities from their different perspectives. Welcome addresses were presented to a packed room by Michael P Kercheval, president & CEO of the
Washington, DC-based ICSC; and Peter Sharpe, worldwide chairman, ICSC and president & CEO, The Cadillac Fairview Corporation Limited, USA.

Kercheval, who gave an insightful Industry Update at the opening address, noted that compared to two years ago, when the US recession began, there is heightened international interest in Asia today — even if that is largely because capital markets here are still strong enough to provide needed capital.

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